Bitcoin (BTC) is on the cusp of advancing higher, as predicted by a crypto trader, promising exciting prospects for investors. However, there’s a catch: staying vigilant in the ever-changing world of cryptocurrencies is key to capitalizing on its potential.
Crypto trader Ali Martinez believes that Bitcoin (BTC) is poised for more upward movement, although it may experience a dip first. Martinez predicts that Bitcoin will break beyond the upper trendline of a bullish ascending triangle. However, he also anticipates that Bitcoin may decline to $33,000 before the breakout occurs.
According to Martinez, based on Bitcoin’s previous market cycles, the current cycle is likely to reach its peak around October 2025. He suggests that now is a good time to buy Bitcoin, as there are still two exciting years ahead.
At the time of writing, Bitcoin is trading at $34,008.
Martinez also discusses Ethereum (ETH), stating that data from the crypto analytics firm IntoTheBlock indicates that Ethereum will face significant resistance at the $1,960 level. This “supply wall” suggests that holders may sell off their ETH if it reaches that price.
Ethereum is currently valued at $1,783.
It’s important to note that the opinions expressed in this blog are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.
Source: Ali Martinez/X